Catherine Badour

Philippines' Jollibee raises stake in U.S. based Smashburger Master: Reuters

Philippine fast-food giant Jollibee Foods Corp (JFC.PS) said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner of the U.S. hamburger chain, as it steps up its global presence.

Merck bolsters animal health unit with $2.4 billion Antelliq purchase: Reuters

Merck and Co (MRK.N) said on Friday it will buy privately held French company Antelliq Group, which makes digital identification products for livestock, for about 2.1 billion euros ($2.37 billion) to bolster its fast-growing animal health business.

BHP calls off $320 million deal to sell Chile's Cerro Colorado: Reuters

BHP (BHP.AX) BLT.L said on Wednesday a deal to sell its Cerro Colorado copper mine in Chile to private equity fund EMR Capital had been called off because of problems with financing.

Chinese startup Luckin Coffee's valuation doubles to $2.2 billion: Reuters

Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, said on Wednesday it has raised $200 million in its latest funding round, increasing the company’s valuation to $2.2 billion.

Vista Equity hires banks for Ping Identity IPO, say sources: Reuters

Buyout firm Vista Equity Partners has hired investment banks to prepare its identity software maker Ping Identity for an initial public offering that could value it at between $2 billion and $3 billion, including debt, sources told Reuters.

Warburg Pincus, Hande group to invest $1 billion in China joint venture: Reuters

Warburg Pincus and Hande Group will invest a total $1 billion in a new joint venture to pursue special situations investments in real estate projects in China, the companies said on Wednesday.

Greece's Famar restructures debt, gets Pillarstone investment: Reuters

Famar, a contract manufacturer to pharmaceutical industries, has completed a 174 million euro ($197 million) debt restructuring and secured new funds from private equity-backed Pillarstone to strengthen its capital position, Reuters reported.

China's Tencent Music raises nearly $1.1 billion in U.S. IPO: Reuters

China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.

China biotech Junshi Biosciences seeks up to $414 million in Hong Kong IPO: Reuters

Chinese biotech company Shanghai Junshi Biosciences is seeking up to $414 million in a Hong Kong initial public offering (IPO), making it the latest company to take advantage of new listing rules to attract early-stage drug developers, Reuters reported.

CVC seeks to buy back Sweden's Ahlsell, valuing firm at $2.7 billion: Reuters

CVC Capital Partners​ has launched a bid for Sweden’s Ahlsell (AHSL.ST) just two years after listing it, valuing the construction products and tools distributor at about 24 billion Swedish crowns ($2.65 billion), Reuters reported.